Natixis Advisors LLC Boosts Stake in CoStar Group, Inc. (NASDAQ:CSGP)

Natixis Advisors LLC lifted its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 41.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 495,570 shares of the technology company's stock after buying an additional 145,715 shares during the period. Natixis Advisors LLC owned about 0.12% of CoStar Group worth $37,386,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of CoStar Group in the 3rd quarter worth about $40,000. Swedbank AB bought a new position in CoStar Group during the 1st quarter valued at about $4,223,000. Gateway Investment Advisers LLC grew its holdings in CoStar Group by 31.1% during the 2nd quarter. Gateway Investment Advisers LLC now owns 40,525 shares of the technology company's stock valued at $3,005,000 after purchasing an additional 9,618 shares during the last quarter. First Hawaiian Bank grew its holdings in CoStar Group by 111.9% during the 2nd quarter. First Hawaiian Bank now owns 16,726 shares of the technology company's stock valued at $1,240,000 after purchasing an additional 8,833 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in CoStar Group by 248.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 369,291 shares of the technology company's stock valued at $27,379,000 after purchasing an additional 263,234 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Up 2.9 %

Shares of CSGP traded up $2.10 during mid-day trading on Monday, hitting $73.35. The company's stock had a trading volume of 3,527,529 shares, compared to its average volume of 2,389,554. The company's 50-day moving average is $75.82 and its 200-day moving average is $77.33. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $100.38. The firm has a market capitalization of $30.07 billion, a price-to-earnings ratio of 161.94 and a beta of 0.82. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. The firm had revenue of $692.60 million during the quarter, compared to analyst estimates of $695.91 million. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. CoStar Group's revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 EPS. On average, equities research analysts forecast that CoStar Group, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JMP Securities reiterated a "market outperform" rating and set a $90.00 price target on shares of CoStar Group in a report on Friday, September 6th. JPMorgan Chase & Co. cut their price target on shares of CoStar Group from $108.00 to $99.00 and set an "overweight" rating on the stock in a report on Wednesday, October 23rd. Citigroup cut their price target on shares of CoStar Group from $97.00 to $90.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Bank of America cut their price target on shares of CoStar Group from $111.00 to $89.00 and set a "buy" rating on the stock in a report on Monday, July 22nd. Finally, Needham & Company LLC lowered their price objective on shares of CoStar Group from $107.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $93.25.

Insider Buying and Selling

In other news, CEO Andrew C. Florance purchased 14,731 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were purchased at an average cost of $74.67 per share, with a total value of $1,099,963.77. Following the completion of the acquisition, the chief executive officer now owns 1,263,098 shares of the company's stock, valued at approximately $94,315,527.66. This represents a 1.18 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael R. Klein sold 71,633 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the transaction, the director now directly owns 1,913,501 shares in the company, valued at approximately $142,919,389.69. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.